If there was an oscar category called best party -- tonight, I love the whole world. Reporter: The nominees would include vanity fair. It's fun. You get to see all your friends. It's great mix of people. Reporter: And the academy's governor's ball. It's an intimate affair. Dozens of dishes by wolfgang puck. We have so many chefs. 300. We all love your soup. Mr. Tarantino, congratulations. Thank you so much. It's now a tradition for oscar winners to have their names engraved on the newly minted statue right at the party. Who's who will come to elton john's oscars viewing party. He raised over $300 million. We're ecstatic. We would like to raise a lot more. The battle is not over yesterday. You want to tell me what that is? I was hoping it was a ruby. I know they're diamonds. Reporter: Every oscar nominee is invited to the vanity fair party. Yeah, there it is. Reporter: If there was an oscar for best party, why would some get more votes than others? The answer is in the stars. It is the place to be. It's near my house. On the way home. We do get a younger clientele. Stay up all night and keep it rolling. &#9834; Oh, oh &#9834; the oscars is the most amazing event in america.

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